Question
GDP is defined as the value of all
Answer: Option B
Answer: (b)
GDP is defined as the value of all final goods and services produced in an economy in a year.
The total quantity of goods produced in an economy during the year is multiplied by their current prices to get the GDP.
Was this answer helpful ?
Answer: (b)
GDP is defined as the value of all final goods and services produced in an economy in a year.
The total quantity of goods produced in an economy during the year is multiplied by their current prices to get the GDP.
Was this answer helpful ?
Submit Solution